MW: FHFA home-price index climbs 0.9% in September
By Jeffry Bartash
WASHINGTON (MarketWatch) -- U.S. home prices rose 0.9%% on a seasonally adjusted basis in September, which reduced the year-over-year decline to 3.7%, the Federal Housing Finance Agency said Tuesday. Earlier, the S&P/Case-Shiller home price index showed a 0.6% decline on the month and a 3.6% year-on-year drop. August's data from the FHFA was revised down to show a 0.2% decline. The FHFA monthly index is calculated using purchase prices of houses backing mortgages that have been sold to or guaranteed by Fannie Mae or Freddie Mac.
